cloud mining

[Wusolini]

i suggest you read the "Cloudmining 101" topic to gain some in depth knowledge about how these cloudmining sites work and how you can spot them for what they really are.
here is the link: https://bitcointalk.org/index.php?topic=878387.0

you can ask about any new cloudmining site that is not in the list and others will help you find out more about them.

Great, I did completely forgot about this post. Cloudmining 101 used to be a great topic back in times when being updated daily  ... Hail to Puppet for the great job.
Although the OP (of Cloudminig 101) is not updated for a long time I can see plenty activity from other users ... thanks for remembering.

[bennl]

Mostly they all are scams.
There are a few tracker sites who do daily payout checks to verify the payments as prove that the site will payout

[Digitalbitcoin]

If you want to invest in cloud mining then enter at your own risk as majority of them are ponzi and scams which will run away with your hard earned coins in long run.

Yes.
Investment of bitcoin in cloud mining will be sole responsibility. As bitcoin is anonymous currency its not easy to trace identity behind it.

So always user must have to take all major precaution before investing in such cloud mining sites.

[xht]

Did you get a profit by investing in cex.io cloud mining? for now would be great if you stay away from cloud mining 'cause a lot of them are a scammer.

[Strongkored]

Did you get a profit by investing in cex.io cloud mining? for now would be great if you stay away from cloud mining 'cause a lot of them are a scammer.

Yeah i agree with you, maybe this time they make a profit, but we know if they have not reached the ROI was not a profit I guess. Since we receive our own money actually: D because I think it's all cloud mining scam so just waiting for their time just turn out to be scam

[Digitalbitcoin]

Did you get a profit by investing in cex.io cloud mining? for now would be great if you stay away from cloud mining 'cause a lot of them are a scammer.

Yeah i agree with you, maybe this time they make a profit, but we know if they have not reached the ROI was not a profit I guess. Since we receive our own money actually: D because I think it's all cloud mining scam so just waiting for their time just turn out to be scam

Yeah You are right. Most of time cloud mining companies circulate amount of users to users. And just keep statistics of user payments.

Normally people think that if we invest x amount then will get 2X amount . And thats the mistake people should think for not 2X but for X+1

[Strongkored]

Did you get a profit by investing in cex.io cloud mining? for now would be great if you stay away from cloud mining 'cause a lot of them are a scammer.

Yeah i agree with you, maybe this time they make a profit, but we know if they have not reached the ROI was not a profit I guess. Since we receive our own money actually: D because I think it's all cloud mining scam so just waiting for their time just turn out to be scam

Yeah You are right. Most of time cloud mining companies circulate amount of users to users. And just keep statistics of user payments.

Normally people think that if we invest x amount then will get 2X amount . And thats the mistake people should think for not 2X but for X+1

Yes that's called a Ponzi scema friends, so we had to stay away from sites like that because if identified as a ponzi definitely be a scam. Because when there is no more new members, they do not have the money to pay old members. because there is no deposit sign: D LOL I like your formula.

[dinda22]

as long I invest in cloud mining, I really never get an advantage, and when I realized it was also, most of them use the system Ponzi scheme, making it difficult to profitable, even for ROI.

[Posum578]

as long I invest in cloud mining, I really never get an advantage, and when I realized it was also, most of them use the system Ponzi scheme, making it difficult to profitable, even for ROI.

Yea, almost all of cloud mining are ponzi site. You will never got profit on them
Better to stay away from them and never give your hard earn money to scammer

[dunfida]

as long I invest in cloud mining, I really never get an advantage, and when I realized it was also, most of them use the system Ponzi scheme, making it difficult to profitable, even for ROI.

Yea, almost all of cloud mining are ponzi site. You will never got profit on them
Better to stay away from them and never give your hard earn money to scammer

Yes all cloud mining sites a ponzi even though theyre paying at first but in the end theyll scam all your money all of the investors on that site . So never ever  put or invesst you money on it  it would only come to waste and youll end up crying and regretting. Just listen to the advices here since they have more experience on those website So do I.

[bitdumper]

after the bitcoin halving the block reward is half(16.66btc per block) which is in case of pool minng is it will take a little time more to get the previous profit.

[Strongkored]

as long I invest in cloud mining, I really never get an advantage, and when I realized it was also, most of them use the system Ponzi scheme, making it difficult to profitable, even for ROI.

Yes you are entirely correct, after the "cloud mining" ponzi run out of funds to pay old members because no new members who deposit then they will disappear and bring all the money its members. But I still wonder why so many people offering sites ponzi like that, and some even make the statement "daily payout smoothly ", but they only receive their money. Because I think if we have not ROI, the money we receive is our own money and whether it is called profitable? think for yourself

[Zadicar]

as long I invest in cloud mining, I really never get an advantage, and when I realized it was also, most of them use the system Ponzi scheme, making it difficult to profitable, even for ROI.

Yes you are entirely correct, after the "cloud mining" ponzi run out of funds to pay old members because no new members who deposit then they will disappear and bring all the money its members. But I still wonder why so many people offering sites ponzi like that, and some even make the statement "daily payout smoothly ", but they only receive their money. Because I think if we have not ROI, the money we receive is our own money and whether it is called profitable? think for yourself

Thats the concept a a ponzi scheme which they depend only  to the new investors for the payout of old members. What if no one is joining to the future they couldnt sustain the amount of money they are paying to the old members thats why they ran away and become scam at the end . So its not recommended to join these sites it would surely lose all your funds.

[BitcoinSupremo]

The only cloud mining you can try as is a legit one is Hashnest.com and even here is difficult to make ROI because of the ever increasing difficulty of bitcoin. But if you have never tried cloud mining and want to see the concept you can invest in Hashnest to try and see how it works. From all the others you should stay away as they have no company backing them, while Hashnest has the Bitmain company backing them up and they are the producer of the Antminers.

Bottom line is cloud mining is unprofitable for the moment and only invest in Hashnest if you wanna see the concept of cloud mining. I think everyone should try legit cloud mining with very small amount of bitcoins just to have a look.

[Newcoins2020]

The only cloud mining you can try as is a legit one is Hashnest.com and even here is difficult to make ROI because of the ever increasing difficulty of bitcoin. But if you have never tried cloud mining and want to see the concept you can invest in Hashnest to try and see how it works. From all the others you should stay away as they have no company backing them, while Hashnest has the Bitmain company backing them up and they are the producer of the Antminers.

Bottom line is cloud mining is unprofitable for the moment and only invest in Hashnest if you wanna see the concept of cloud mining. I think everyone should try legit cloud mining with very small amount of bitcoins just to have a look.

Hashnest is legit, but that will not give you anything but loss.
Cloud mining is a bad way to make profit on your bitcoin investment, simply because the cloud mining companies think of them self, instead of their clients...

[X7]

I've always kelt myself away from investing bitcoin somewhere, always been very sceptical but now I'm thinking... Are there any legit cloud mining services that can give out profit on a longer road? I've used cex.io a couple of years back and did get some profit on the long run.

Avoid cloud mining - it will only lead to a loss of money AT BEST.

[crairezx20]

I've always kelt myself away from investing bitcoin somewhere, always been very sceptical but now I'm thinking... Are there any legit cloud mining services that can give out profit on a longer road? I've used cex.io a couple of years back and did get some profit on the long run.

Better to stay away because there is no legit cloud mining site right now they are the same as investment site..
They also run funds after few weeks or month and their reason are they are hack but the truth is not..

[Perryl]

I've always kelt myself away from investing bitcoin somewhere, always been very sceptical but now I'm thinking... Are there any legit cloud mining services that can give out profit on a longer road? I've used cex.io a couple of years back and did get some profit on the long run.

I don't think there are really any legit cloud mining services. Cex.io said they will reactivate if BTC goes over 900, iirc. I believe that was before the halving, idk if that's changed. Or if that was considering the halving. Genesis is supposed to be legit, but I haven't had a very good experience with them. I've invested in around 20 others and been scammed every time. Better off investing your Bitcoin into trading altcoins or even ICOs.

I find the ICOs that expect over 1k satoshi per coin end up below ICO price when they hit exchange. The ones that start low tend to end up above ICO price.

[bL4nkcode]

I've always kelt myself away from investing bitcoin somewhere, always been very sceptical but now I'm thinking... Are there any legit cloud mining services that can give out profit on a longer road? I've used cex.io a couple of years back and did get some profit on the long run.

There's no so called legit and trusted thing if you prefer to cloudmining site, all of them are scam maybe not now but sooner or later. Better to stay away from this kind of site, because these sites are only good if you are at the first batch of investors.

[ardentvolcanoes]

I've always kelt myself away from investing bitcoin somewhere, always been very sceptical but now I'm thinking... Are there any legit cloud mining services that can give out profit on a longer road? I've used cex.io a couple of years back and did get some profit on the long run.

Im sure you have even seen or heard about what happened to hashocean , right ? Much better do not find or look for a legit cloud mining you just like hunting a winged elepant . Just stay on focus what thing that can give you a profit and make you earn bitcoin , it is much better to workhard for a bitcoin that risking it to some untrusted investment website .